By The Economist
Publication Date: 2026-02-25 03:57:00
Artificial intelligence is advancing at an astonishing rate. The latest models can now complete complex, hour-long tasks without human supervision. This month, one of OpenAI’s models helped derive a new result in theoretical physics. No wonder one essay explains: “Something big is happening“ and in recent days a blog post with a similar tenor from Citrini Research, an analyst firm, went viral.
Is something big happening in the economy too? Scott Bessent, US Treasury Secretary, predicted last year that AI would soon “bite” – meaning it would lead to noticeable productivity gains. Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, is betting on an AI-driven productivity boom to curb inflation.
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The Economist
